Sacgasco (ASX: SGC) — Company Overview, News & Financial Data
Sacgasco is a natural gas and crude oil exploration and production company focused on conventional energy assets across North America and Southeast Asia.
Sacgasco
Sacgasco is a natural gas and crude oil exploration and production company focused on conventional energy assets across North America and Southeast Asia. The company operates natural gas production wells and gathering infrastructure in the Sacramento Basin of California, supplying local industrial gas markets. In Southeast Asia, it holds interests in offshore oil exploration and development licenses in the Palawan Basin of the Philippines, including the Cadlao oil field redevelopment and Nido area appraisal projects. Additionally, the company maintains onshore oil production interests and developmental leases in Alberta, Canada, generating revenues from conventional petroleum extraction.
Snapshot
Operations
Products and/or services of Sacgasco
- Natural Gas Production: Operation of onshore natural gas wells and associated gathering pipelines in the Sacramento Basin of California, supplying natural gas directly to local utility networks and industrial end-users across Northern California.
- Offshore Oil Field Redevelopment: Development and planned re-entry of shallow-water offshore oil discoveries in the Palawan Basin of the Philippines, targeting commercial oil recovery through subsea production infrastructure and mobile offshore production units.
- Onshore Petroleum Extraction: Exploration and production of light crude oil from onshore conventional reservoirs in Alberta, Canada, utilizing active production wells, fluid storage units, and regional pipeline injection hubs.
- Deep Gas Prospecting: High-impact exploration drilling targeting large deep conventional natural gas reservoirs situated beneath existing shallow fields in Northern California, utilizing historical seismic data and regional infrastructure.
- Offshore Exploration and Appraisal: Seismic surveying, geological modeling, and appraisal drilling across offshore petroleum blocks in Southeast Asia, aimed at identifying undrilled oil prospects and contingent oil resources.
- Gas Gathering and Pipeline Operations: Management and maintenance of field-level natural gas collection lines, compression facilities, and metering stations that transport raw natural gas to regional interstate transmission pipelines.
Sacgasco executive team
- Mr. John Lloyd Kane Marshall BCom, BSc (Geology), MPetEngMD & Director
- Mr. David Maxwell McArthur B.Comm.Joint Company Secretary & Director
- Mr. Jordan McArthurJoint Company Secretary